Shri Hare-Krishna Sponge Iron Limited has announced its IPO, open for subscription from June 24 to June 26, 2025. This IPO is entirely a fresh issue of 50.70 lakh shares, aggregating to a total issue size of ₹29.91 crores.
The price band for the IPO is ₹56 to ₹59 per share, with a minimum lot size of 2,000 shares. The allotment is expected to be finalised by June 27, 2025, and the shares are likely to be listed on NSE SME on July 1, 2025.
Explore the steps to apply for Shri Hare-Krishna Sponge Iron Limited SME IPO!
Shri Hare-Krishna Sponge Iron SME IPO Timeline (Tentative)
| Event | Date |
| IPO Opening Date | June 24, 2025 |
| IPO Closing Date | June 26, 2025 |
| Allotment Date | June 27, 2025 |
| Face Value | ₹10.00 |
| Tick Size | ₹1.00 |
| Market Lot | 2,000 shares |
| Minimum Bid Quantity | 2,000 shares |
| Maximum Bid Quantity for QIIs | 24,02,000 shares |
| Maximum Bid Quantity for NIIs | 7,24,000 shares |
| Refund Initiation | June 30, 2025 |
| Shares Credited | June 30, 2025 |
| Listing Date | July 1, 2025 |
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About Shri Hare-Krishna Sponge Iron Limited
Shri Hare-Krishna Sponge Iron Limited started in May 2003. The company makes and sells sponge iron, which is used to make steel. Its factory is located in Siltara, Raipur (Chhattisgarh) and is spread across 13.45 acres. It can produce up to 30,000 metric tonnes of sponge iron every year.
The company supplies products mainly to Maharashtra, Madhya Pradesh, and Chhattisgarh.
Shri Hare-Krishna Sponge Iron IPO Key Details
Shri Hare-Krishna Sponge Iron Limited IPO opening date – June 24, 2025
Shri Hare-Krishna Sponge Iron Limited IPO closing date – June 26, 2025
Shri Hare-Krishna Sponge Iron Limited IPO price band – ₹56 to ₹59 per share
Shri Hare-Krishna Sponge Iron Limited IPO face value – ₹10 per share
Shri Hare-Krishna Sponge Iron Limited IPO lot size – 2,000 shares
Shri Hare-Krishna Sponge Iron Limited IPO minimum order quantity – 2,000 shares
Shri Hare-Krishna Sponge Iron Limited IPO issue type – 100% Book Building
Shri Hare-Krishna Sponge Iron Limited IPO total issue size – 50,70,000 shares
Shri Hare-Krishna Sponge Iron Limited IPO market maker portion – 2,58,000 shares
Shri Hare-Krishna Sponge Iron Limited IPO net issue to public – 48,12,000 shares
Shri Hare-Krishna Sponge Iron Limited IPO minimum investment (retail) – ₹1,18,000 (at cutoff)
Shri Hare-Krishna Sponge Iron Limited IPO registrar – KFIN Technologies Limited
Shri Hare-Krishna Sponge Iron: Financial Overview
Despite a dip in FY25 revenue and profit, its net worth has continued to grow steadily.:
| Year Ending | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Reserves & Surplus (₹ Cr) | Total Borrowing (₹ Cr) |
| Mar 2023 | 58.58 | 95.25 | 10.53 | 54.22 | 40.10 | 0.75 |
| Mar 2024 | 75.74 | 84.93 | 10.17 | 64.39 | 50.27 | 7.24 |
| Mar 2025 | 93.16 | 83.60 | 9.20 | 73.59 | 59.47 | 11.39 |
Shri Hare-Krishna Sponge Iron IPO FAQs
Shri Hare-Krishna Sponge Iron is a Raipur-based company engaged in the production of sponge iron used in steel manufacturing.
The IPO opens on June 24, 2025 and closes on June 26, 2025.
The minimum application size is 2,000 shares, which amounts to ₹1,18,000 at the upper end of the price band.
The price band for Shri Hare-Krishna Sponge Iron IPO is set between ₹56 and ₹59 per share.
The allotment will likely be completed on June 27, 2025.
The shares are expected to list on NSE SME on July 1, 2025.
Hem Securities Limited is managing the IPO.
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